Cases & Deals

Priority Holdings obtains $905 million credit facilities

Client(s) Priority Technology Holdings, Inc.

Jones Day represented Priority Holdings, LLC, a subsidiary of leading payments technology company Priority Technology Holdings, Inc. (NASDAQ: PRTH), and certain of its affiliates in connection with obtaining new senior secured credit facilities consisting of initial term loans in an aggregate principal amount of $835 million and revolving commitments of $70 million. The proceeds of the initial term loans were used to refinance the company's existing credit facilities and to redeem a portion of the company's senior preferred stock. A large financial institution acted as administrative agent for the credit facilities.